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Income Per Common Share Computations
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Common Share Computations
NOTE 11 — NET INCOME (LOSS) PER COMMON SHARE COMPUTATIONS
The following is a reconciliation of the numerator and denominator of the net income (loss) per common share computations:
 
Three Months Ended March 31,
(in millions, except per share data)
2016
 
2015
Numerator for basic income (loss) per common share:
 
 
 
Net income (loss)
$
2.8

 
$
(1.6
)
Net income (loss) allocated to participating securities
(0.1
)
 

Numerator for basic income (loss) per common share
$
2.7

 
$
(1.6
)
 
 
 
 
Numerator for diluted income (loss) per common share
$
2.8

 
$
(1.6
)
 
 
 
 
Denominator for basic and diluted net income (loss) per common share:
 
 
 
Basic
16.5

 
17.3

Plus dilutive effect of stock options and restricted stock
0.2

 

Plus dilutive effect of participating securities
0.3

 

Diluted
17.0

 
17.3

 
 
 
 
Income (loss) per common share:
 
 
 
Basic
$
0.17

 
$
(0.09
)
Diluted
$
0.16

 
$
(0.09
)

Options to purchase 0.4 million shares for the three months ended March 31, 2015 were excluded from the computation of diluted loss per share since their effect was anti-dilutive because of the net loss for the period.